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BankservAfrica reveals Black Friday card sales

December 6, 2018 • Finance, Retail, Top Stories

BankservAfrica reveals Black Friday card sales

BankservAfrica reveals Black Friday card sales

According to BankservAfrica, Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million.

BankservAfrica’s figures, which covers all in-store card transactions (excluding ATM) by BankservAfrica between 00:00 – 23:59 on 23 November 2018, showed the highest transaction per second took place at 16:38 where 153 transactions were processed. The second highest was at 12:34 PM where there were 152.

The busiest card swiping hours were between 16:00 and 17:00 where there were 404 194 purchases.

“Although the total volume of card purchases for Black Friday is greater than online shopping, the year-on-year growth for online shopping shows more South Africans are moving online make their purchases,” said Martin Grunewald, Executive Head: Payments Business at BankservAfrica.

Last week, BankservAfrica issued its Black Friday and Cyber Monday online shopping figures. This year, 7.7% of all card transactions took place online with 404 594 online transactions on Black Friday. This is a 55% growth on 2017’s 260 552. For Cyber Monday, the total amount was 176 595, a 36% growth on 2017’s 129 458.

Edited by Fundisiwe Maseko
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